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Guideline Value

Corporate

Guideline Value for Parvathy Avenue 4th Street

₹3520/sq.ft.

The guideline value for Parvathy Avenue 4th Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Parvathy Avenue 4th Street

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Parvathy Avenue 4th Street guideline value

The current guideline value of Parvathy Avenue 4th Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Parvathy Avenue 4th Street has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. This value decreased by 33% to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value saw a significant increase of 49% in the 2023 revision, bringing it back up to Rs 3,200 per sq.ft. The most recent 2024 revision has set the guideline value at Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for Parvathy Avenue 4th Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, making the 2024 figure for Parvathy Avenue 4th Street below that median.

Stamp duty and registration fee for property in Parvathy Avenue 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total cost for these fees Rs 3,16,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parvathy Avenue 4th Street?

The Sub Registrar Office that covers Parvathy Avenue 4th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Porur

The guideline value is an essential factor in the property registration process in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property. It is crucial for buyers to be aware of this value to avoid overpaying and for sellers to set a realistic price that aligns with the official valuation.

Frequently asked questions

What is the current guideline value of Parvathy Avenue 4th Street?

The current guideline value of Parvathy Avenue 4th Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Parvathy Avenue 4th Street?

Parvathy Avenue 4th Street is classified as Residential Special Type - II.

Where can I find the registration office for Parvathy Avenue 4th Street?

The registration office for Parvathy Avenue 4th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property in Parvathy Avenue 4th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 3,520 per sq.ft, the total stamp duty would be Rs 2,46,400.